Latest news
BP takes hit of up to $17.5bn as it forecasts cheaper oil
BP says it expects oil prices to be lower than expected from now until 2050 as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.
read more... 15/06/2020
Bulgaria plans state company to manage fuel storage and trade
Bulgaria plans to set up a state-owned company to manage oil and fuel reserves and build petrol filling stations across the Balkan country to boost competition and ensure fair prices for consumers, the government said on Monday.
read more... 19/05/2020
Coronavirus widens climate rift between European and U.S. oil majors
Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with executives.
read more... 18/05/2020
Saudi Arabia and Russia pledge commitment to oil market stability
Saudi Arabia and Russia are committed to maintaining oil market stability as world oil demand remains squeezed from the economic fallout of the coronavirus pandemic.
read more... 14/05/2020
Oil rout continues as Brent falls to lowest since 1999
International oil prices plunged to the lowest level in more than two decades early on Wednesday amid a continued sell-off on fears of oversupply and the economic impact from the coronavirus pandemic.
read more... 22/04/2020